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Vietnam Issues New Circular on Administrative Sanctions in Industrial Property – Tilleke & Gibbins

On September 30, 2024, Vietnam’s Ministry of Science and Technology (MOST) issued Circular No. 06/2024/TT-BKHCN (“Circular 06”), amending and supplementing certain articles of Circular No. 11/2015/TT-BKHCN dated 26 June 2015. These two circulars are the primary guidance on Decree No. 99/2013/ND-CP and Decree No. 46/2024/ND-CP on administrative sanctions in industrial property. Circular 06, which will […]

IMF welcomes US-sanctioned former Russia central banker

Ksenia Yudaeva, under sanctions from the United States, has been elected as the International Monetary Fund’s executive director for Russia and Syria, the IMF said on Friday. The executive board is the IMF’s top day-to-day business decision-making body. Executive directors are elected by member countries or by groups of countries. The outgoing Russian executive director […]

Turkey Quietly Blocks Military-Linked Goods Exports to Russia After U.S. Warnings – FT – The Moscow Times

Turkey secretly blocked the export of U.S. military-linked goods to Russia following warnings from Washington, the Financial Times reported, citing three anonymous sources with direct knowledge of the matter. Ankara, which originally embraced the role of Moscow’s lifeline from Western sanctions, reportedly made the move in recent weeks without a public announcement due to the […]

Putin sends defiant message to the West as he gathers world leaders for BRICS summit to show sanctions aren’t working (but cracks are showing between his most powerful ‘allies’)

World leaders descended on the Russian city of Kazan today for a summit of BRICS – a major diplomatic event that Vladimir Putin hopes will be a milestone in his effort to erode the political and economic dominance of his Western foes.  The summit running from October 22-24 will be the biggest held in Russia […]

Spain Busts Chemicals Firm Evading Russia Sanctions – The Moscow Times

Spanish authorities on Tuesday said they had arrested four people suspected of orchestrating a sanctions-busting commercial network after intercepting 13 tons of chemical products bound for Russia. The investigation began in 2022 after Western countries imposed waves of sanctions on Russia to prevent it from acquiring equipment and technologies for its war with Ukraine. Police […]